Buy ICICI Bank For Target Of Rs 885

Buy ICICI Bank For Target Of Rs 885Stock market analyst Rajesh Satpute is of the view that investors can buy ICICI Bank Ltd stock with target of Rs 885 in 2-3 days.

According to analyst, the interested investors can buy the stock at Rs 860 with stop loss of Rs 850.

Today, the shares of the bank opened at Rs 869.80 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1009.50 and a low of Rs 621.90 on BSE.

Current EPS & P/E ratio stood at 36.10 and 24.08 respectively.

Country's second- largest lender ICICI Bank Ltd. has planned to sell $500 million of 5 1/2-year bonds denominated in dollars.

ICICI Bank has announced that it has set $500 million worth of bonds at 5%.

Recently ICICI Bank declared growth of 79.28% in its consolidated net profit on y-o-y basis to Rs 13.42 billion.

The bank's total income declined 4.61% y-o-y basis to Rs 162.12 billion for Jan-March quarter.

On July 01, ICICI Bank declared that its annual base rate will be 7.50% in line with the rules issued by the central banking institution.